MARKHAM, ONTARIO, November 28, 2016 – Sangoma Technologies Corporation (TSX VENTURE:STC), a leading provider of hardware and software components that enable or enhance IP Communications Systems for both voice and data, announced today that the Board of Directors has introduced a Shareholder Rights Plan and Advance Notice By-Law.
The Board of Directors of Sangoma Technologies approved the adoption of a Shareholder Rights Plan and set the Record Time in respect of the Shareholders Rights Plan for the close of business on November 25, 2016. The full text of the plan agreement is available at www.sedar.com. The Company has sought the conditional acceptance of the Shareholders Rights Plan from the TSX Venture Exchange.
The Board of Directors also approved an addition to the By-Laws requiring shareholders to provide advance notice to the Company when proposing a new Director. The full text of this new By-Law is available at www.sedar.com.
Both The Shareholders Rights Plan and Advance Notice By-Law are subject to the approval of the shareholders of Sangoma at the upcoming Annual and Special Shareholders Meeting to be held on January 6, 2017 at the Sangoma’s office in Markham, Ontario.